Johnson Controls Now Covered by Analysts at Stifel Nicolaus (JCI)
Stifel Nicolaus started coverage on shares of Johnson Controls (NYSE:JCI) in a research note issued on Thursday. The firm set a “buy” rating and a $58.00 price target on the stock. Stifel Nicolaus’ price target suggests a potential upside of 18.83% from the company’s current price.
Shares of Johnson Controls (NYSE:JCI) opened at 48.81 on Thursday. Johnson Controls has a one year low of $39.42 and a one year high of $52.50. The stock’s 50-day moving average is $48.98 and its 200-day moving average is $47.91. The company has a market cap of $32.511 billion and a P/E ratio of 32.78.
Johnson Controls (NYSE:JCI) last posted its quarterly earnings results on Friday, July 18th. The company reported $0.84 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.83 by $0.01. The company had revenue of $10.80 billion for the quarter, compared to the consensus estimate of $10.82 billion. During the same quarter last year, the company posted $0.78 earnings per share. Johnson Controls’s revenue was up 3.0% compared to the same quarter last year. On average, analysts predict that Johnson Controls will post $3.17 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 2nd. Stockholders of record on Friday, September 5th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.80%. The ex-dividend date is Wednesday, September 3rd.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Johnson Controls in a research note on Monday, July 21st. They now have a $52.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Johnson Controls in a research note on Monday, July 21st. They now have a $51.00 price target on the stock, up previously from $50.00. Finally, analysts at Buckingham Research initiated coverage on shares of Johnson Controls in a research note on Tuesday, July 15th. They set a “buy” rating on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $54.15.
Johnson Controls, Inc (NYSE:JCI) manufactures, installs and services automatic temperature regulation systems for buildings.
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